In a significant move to enhance its renewable energy capacity, Arctic Paper S.A. has announced the acquisition of a 4 MW solar park in Garwolin, located in the Masovian region near Warsaw. This acquisition marks a pivotal step in the company's commitment to sustainable energy growth and aligns with its broader strategic objectives.

Accelerating Green Investments

The solar park in Garwolin represents Arctic Paper's first venture into acquiring an off-site turnkey facility, a shift from its previous focus on building solar installations on its own properties. This strategic acquisition boosts Arctic Paper’s total installed photovoltaic (PV) power to 23 MW, distributed across four installations in Sweden and Poland.

Michal Jarczyński, CEO of Arctic Paper, commented on the acquisition:
"By purchasing this solar park, we are accelerating our investments in renewable energy and advancing our energy segment strategy. The energy produced at the Garwolin facility will be sold outside the Arctic Paper group, showcasing our commitment to contributing to the broader energy market."

A Step Toward Energy Sustainability

Arctic Paper’s expansion into renewable energy is a testament to its dedication to environmental sustainability and reducing reliance on non-renewable energy sources. The company's growing portfolio of solar installations reflects its ambition to:

• Reduce its carbon footprint.
• Support clean energy production in Poland and Sweden.
• Establish a sustainable revenue stream by selling surplus energy to external markets.

About the Acquisition

The Garwolin solar park was previously owned by Coral J.W. Perkowski, a Polish company specializing in renewable energy projects. The turnkey facility provides Arctic Paper with an immediate operational asset, eliminating the time and resources typically required for construction.

Strategic Impact on Arctic Paper’s Energy Goals

This latest acquisition underlines Arctic Paper’s ongoing efforts to strengthen its energy independence while contributing to the green transition in Europe. With the addition of this 4 MW solar park, the company is poised to play a more active role in supporting Poland’s renewable energy market.

Looking Ahead

Arctic Paper’s commitment to sustainability and renewable energy investments positions it as a leader in integrating green practices within the paper and packaging industry. The Garwolin solar park acquisition is not just a boost to the company's energy capabilities but also a step toward its goal of creating a more sustainable future for both its operations and the communities it serves.